Glossary

Warehouse operators legal liability insurance covers liability that might be incurred by businesses that store property of others for a fee.

A warehouse to warehouse clause is a marine cargo insurance policy provision that extends the protection from the warehouse at which the shipment originates to the one at which it terminates.

Warehousing is a service provided during the interim period in which a fronting company starts to receive premiums that should be reinsured to a captive, but the captive isn't ready to receive them yet.

The Workers' Adjustment Retraining Notification (WARN) Act exclusion is found in employment practices liability insurance policies.

A warrant is an instrument that gives the holder the right to purchase or sell the underlying interest at a given price and time or at a series of prices and times outlined in the warrant agreement.

A warranty is a guarantee of the performance of a product or work.

The Warsaw Convention is an international agreement setting limits of liability for freight, baggage, and bodily injury on international flights.

A war exclusion is a provision found in nearly all insurance policies that excludes loss arising out of war or warlike actions.

A war risk clause is an exclusionary clause eliminating coverage for losses arising out of war or warlike actions.

War risk insurance covers loss or damage to property due to the acts of war.